Play-Based Exploration: Mapping, Volumetric & Risk Analysis

Play-Based Exploration reflects a fundamental shift in exploration focus, wherein prospects are not the basic unit of exploration, but plays are. Some companies stop at ‘traffic light maps’, other companies adopting such techniques make maps that apportion probability into shared/play-specific and local/prospect-specific probability. This course emphasizes the latter method and teaches all concepts needed to make such maps in a consistent way.

This exercise-rich course will touch on all aspects of PBE. Group mapping exercises from an actual exploration play reflecting state of knowledge at two periods of time (circa 1980 versus present day) show how the actual results compare to their predictions.

The emphasis in this course is upon conventional plays, with a brief portion of the course dedicated to application of these techniques to unconventional/continuous plays.

The course is designed as a series of lectures, each followed by a practical mapping or data analysis exercise.

Significance of using appropriate future field size – impact upon the math

Truncation of field size data due to under-sampling, dangers of small sample size

Impact of (and accommodating) discovery process to predict the future

Plotting techniques

Using appropriate analogs – and what to do in rank wildcat plays

EXERCISE and Debrief: Analyze field size dataset from play area, early exploration period and predict future field size characteristics

Calculating Undiscovered (Yet to Find) Volumes

Different methods

Appropriate method to use based upon state of knowledge

Prospect/lead density

Pitfalls and reality checks

EXERCISE and Debrief: Calculate undrilled leads, appropriate future field size distribution, and undiscovered potential for each identified segment, compare predictions to results. Award prizes for best group performance

In-House Courses

Open Enrollment

Open Enrollment course offerings are scheduled in locations around the world throughout the year. These courses are available to individuals and present a perfect opportunity for employees to gain the same valuable information available to larger firms through In-House courses.